Description
Ascent RegTech revolutionizes compliance management for financial services companies by leveraging AI-enabled systems. This innovative platform streamlines compliance processes, especially in complex, multi-jurisdictional environments, by cutting through regulatory clutter and pinpointing the specific regulatory information businesses need to stay compliant. With the recent acquisition of horizon scanning provider, Waymark, Ascent is poised to deliver even more comprehensive compliance automation solutions, enhancing efficiency and elevating compliance management across the board.
Streamlining Compliance with Cutting-Edge Technology
- Tailored Regulatory Identification: Precisely identifies regulations applicable to your business, adapting to changes as they occur.
- Specific Obligation Pinpointing: Pinpoints your specific obligations under each rule, whether federal, state, or municipal.
- Customized Obligation Inventories: Provides tailored obligation inventories mapped to your business, products, services, or entities.
- Single Source of Regulatory Truth: Establishes a reliable, clutter-free source of regulatory information.
- Efficient Compliance Management: Maximizes efficiency and scalability by eliminating the need to consider non-applicable regulations.
- Seamless Integration: Maps compliance to internal policies, procedures, and operations, integrating seamlessly with your GRC tool.
Features That Empower Compliance
- Obligations Library: An up-to-date digital register of your firms regulatory obligations, automatically generated for ease of compliance.
- Rule Compare: Simplifies regulatory changes with a side-by-side comparison of new and former rule versions, highlighting changes.
- Horizon Scanning: Offers a comprehensive understanding of regulatory requirements for informed decision-making on new products or services.
- Scenario Planning: Assists in understanding compliance obligations for any acquisition or expansion effort.
- Audit Trail: Provides a comprehensive dashboard view of your active obligations, ensuring readiness for audits.
Comprehensive Regulatory Change Management Tools
- Obligations Management: Run your entire compliance program from one centralized location, featuring customizable risk taxonomy and powerful filters.
- Regulatory Change Management: Enables compliance teams to act immediately on new and updated obligations, bypassing the need to sift through regulatory PDFs.
Industries Benefiting from Ascent
- Banking: Mitigates risk and keeps costs down, addressing one of the banking leaders' most pressing challenges.
- Consulting & Advisory Firms: Reduces time spent on regulatory admin work, allowing more focus on strategic compliance management.
- Mortgage: Consolidates state and federal requirements in one place, surfacing only what's necessary for compliance.
- GRCs & Compliance Technology: Provides a detailed and comprehensive view of state and federal requirements for clients.
Transform Compliance into a Competitive Advantage
Ascent RegTech not only simplifies compliance but turns it into a competitive advantage for financial firms. By offering a suite of tools designed to manage regulatory change efficiently, Ascent enables businesses to focus on growth and innovation rather than getting bogged down by the complexities of compliance. With Ascent, companies can stay ahead of regulations, ensure compliance with ease, and ultimately, operate more effectively in today's dynamic regulatory landscape.
Navigate Compliance with Confidence
Embrace Ascent RegTech for a streamlined, efficient approach to compliance management. With its advanced AI capabilities and comprehensive suite of tools, Ascent empowers financial firms to navigate the complexities of regulation with confidence. By transforming compliance from a challenge into an opportunity, Ascent RegTech is the partner you need to stay regulation-ready in an ever-evolving financial landscape.
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